Minus 1%: US personal savings rate was once again negative in November 2006, matching the increase of retail sales for the month


- Decoded news (December 28, 2006) -



Minus 1%: US personal savings rate was once again negative in November 2006, matching the increase of retail sales for the month
'Personal saving was a negative $95.0 billion in November, compared with a negative $71.4 billion in October. Personal saving as a percentage of disposable personal income was a negative 1.0 percent in November, compared with a negative 0.7 percent in October. Negative personal saving reflects personal outlays that exceed disposable personal income. Saving from current income may be near zero or negative when outlays are financed by borrowing (including borrowing financed through credit cards or home equity loans), by selling investments or other assets, or by using savings from previous periods.' (source Bureau of Economic Analysis / US Department of Commerce

This negative rate matches the 1% increase (to be confirmed) for the November retail sales, indicating that at best, US consumers are from now on obliged to go deeper into debt in order to generate a meager retail sales increase. And this is supposed to be the most profitable period of the year for retailers. The insolvency of US consumers is getting more and more obvious as 2007 will brutally show.

More in-depth analysis in GEAB N°9 and GEAB N°10 (on subscription.

Jeudi 28 Décembre 2006

GEAB N°41 - Contents

- Published on January 16, 2010 -

Calendar 2010 – 2020 / The « tragic twilight » of the world-before-the-crisis
The publication of this first GEAB of the year, where we usually publish our anticipations for the next twelve months, exceptionally coincides with the beginning of a new decade and, what is more, a decade which all careful observers feel will mark an upheaval in the world order. Our team has seized this occasion to give our subscribers the benefit of a rational geopolitical « dive » into what the coming decade holds for us… (page 2)
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To prepare 2010 - ’15 UP AND 15 DOWN’, 30 KEY TRENDS FOR 2010 – Fifteen topics which are going to increase in importance during 2010 / Fifteen key subjects which are going to fade away between now and the end of 2010
The US Federal reserve; The Very Great US Depression; The future of the United Kingdom; Global warming; Gold; Yuan; Unemployment and social dislocation; Global geopolitical dislocation; Eurozone; Speculative bubbles; Dollar, Pound Sterling and Yen; Greece as a Eurozone menace; Latin America; BRIC summits; Global recovery; Globalisation; EU governance; China’s economic miracle; The likelihood of a NATO victory in Afghanistan; G20; The middle-East “Peace Process”; State bankruptcies; Israel-USA/Iran conflict; Social safety net systems; Trade blocs; US T-bonds; Tax reductions; Nicolas Sarkozy… (page 8)
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The Decade 2010 – 2020: Towards a knockout victory by gold over the Dollar
We have often reminded readers in different GEAB issues that gold constitutes both a medium/long term investment intended to protect one’s capital against the risk of a loss in value of paper currencies and financial assets, and an eventual means of payment in the event of a very serious monetary crisis. In these two cases the choice of placing a portion of one’s assets in gold is a response to anticipating events and risks in the coming years (and not the coming weeks or months). For this GEAB N°41, a special edition at the beginning of a new decade, it seems opportune to LEAP/E2020 to put forward its anticipations on gold’s progress for 2010 – 2020, completing what the team wrote in issue N°34 of the GEAB in April 2009… (page 19)
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The GlobalEurometre - Results & Analyses
Citizens’ discontent with European government action compared to the expectations of their people climbs slightly, though remaining at very high levels (96%). The « Lisbon Treaty » effect clearly hasn’t happened.… (page 24)
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